Russian police have arrested more suspected members of a cybercrime gang that used "Lurk" malware to steal nearly $30 million from Russian banks. Separately, a lead cybersecurity investigator's arrest on treason charges appears to be chilling cross-border cooperation.

Dozens of banks, governments and telecommunications companies have been struck by fileless malware, which resides in memory and leaves few traces for investigators, according to Kaspersky Lab. The use of open-source tools and utilities makes the attacks difficult to detect.

Exploit kits are out and phishing emails are in for attackers who are attempting to infect victims with ransomware, according to new research. Unfortunately, the volume of phishing - and thus ransomware - attacks continues to grow.

We know why phishing works; we know how it works. And yet the schemes still succeed, and they're only getting more effective. How can we stop phishing? Jim Hansen of PhishMe has some ideas, and they just might surprise you.

A digital forensic analysis of a new type of Mac malware reveals that it has a strong connection to Iran, researchers say. The malware, which turned up on the computer of a human rights advocate, tries to steal authentication details from macOS's Keychain.

In this edition of the ISMG Security Report: an analysis of a major fine against a Texas hospital and its implications for how the Trump administration might enforce HIPAA rules. Also, an IRS-related phishing scheme targets businesses.

InterContinental Hotels Group is warning customers that malware infected point-of-sale devices at a dozen of its hotel restaurants and bars in North America and the Caribbean for up to four months in 2016. But it's unclear if the breach ties to reported exploits involving POS service providers.

The FBI says it's continuing to investigate an international cybercrime ring that stole at least $1.2 million via malware, money mules and overseas bank transfers. So far, one Brooklyn-based man has pleaded guilty to related offenses.

A former senior executive at Tenet Healthcare has been indicted for his alleged role in a $400 million healthcare fraud scheme that federal prosecutors say took place over 13 years and involved circumventing the company's internal controls.

Companies have lost thousands of dollars in email compromise attacks that first steal W-2s and then attempt wire transfer frauds, the IRS warns, labeling these attacks as among the "most dangerous" phishing scams.

A suburban Dallas police department saw eight years' worth of digital evidence, including material for at least one active criminal case, frozen after a ransomware attack, another example of the continuing havoc caused by file-encrypting malware.

With great efficiencies and cost savings also come great threats and fraud risks. This is today's digital reality, and it is why cybersecurity and the user experience need to be aligned to create digital trust, says Scott Clements of VASCO Data Security.

Legislation to tighten insider threat defenses at the U.S. Department of Homeland Security has passed the House of Representatives and goes to the Senate, which failed to consider a similar measure that passed the House in the last Congress.

FS-ISAC is collaborating with the Monetary Authority of Singapore to establish the Asia Pacific Regional Intelligence and Analysis Center to encourage regional sharing and analysis of cybersecurity information within the financial services sector. Security experts weigh in on the value of the initiative.

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